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To: Lee who wrote (3211)1/3/2002 11:02:22 PM
From: Ahda  Read Replies (1) | Respond to of 3536
 
Of course increasing productivity requires investment, difficult to get when loans are tight. Lower labor rates seem to trigger riots. We need more options.

People are innovative. Most nations do not have the caste system of being born into poverty there of the designation you will not leave poverty. I look at this situation as one of government requiring more funds than those that contribute to the pot are able to put in.

Any time you have an excess debt within a government system the government has become to costly for the participants of the system to afford. You could pop billions of dollars into that system but the system has already proved itself incapable of generating cash growth.

Government is only the ability of it own people contributing to upkeep if government is it is not capable of creating income on it's own . When contributions requirements or taxation exceed earning ability you have a problem that no amount of stimulus is going to cure.

The solution is brutally clear, as are the resignations in Argentina what options? The people minus the governments debt are the ohly options. The tragedy is the people can't get their own money that they worked for out of the banks.